Projects
Established in August 2000, Waveland Energy Partners LLC is a private equity firm specializing in the upstream oil and gas sector. Our strategic investments target projects managed by prominent public and private exploration and production (E&P) companies in the United States. Presently, our investments are strategically positioned in the prolific Williston Basin in North Dakota and the San Juan Basin in New Mexico. Complementing our internal industry expertise, we collaborate with skilled technical consultants in engineering, geophysics, and land management.
Operations
Waveland’s investment activities in the Mid-Continent region of the United States are made alongside some of the industry’s most experienced and respected operators. We use cutting-edge technology to acquire minority equity positions in a diversified portfolio of oil and gas working and mineral interests operated by leading U.S. energy companies and located in the premier, lower-risk geologic basins within the United States. Our partners possess strong geologic assessment abilities, extensive engineering expertise in horizontal well design, drilling and completion, and state-of-the-art fluid management.
Bakken Shale, Williston Basin – North Dakota
Waveland and Three Peaks Resources, LLC, one of Waveland’s long-standing technical energy management teams, initiated an acquisition strategy to capture minority equity working interests and mineral interests alongside some of the largest oil and gas companies currently operating in the core of the Bakken Shale in the Williston Basin in northwestern North Dakota. These operating companies include Continental Resources, ExxonMobil XTO, Whiting Petroleum, Hess Corporation, and EOG Resources.
Waveland’s Bakken Strategy focuses on the core area of the Bakken. Waveland and Three Peaks believe the Williston Basin has superior reservoir quality and its full-cycle drilling economics are among the best in the United States.
The fundamental positive advancements in the Bakken (low entry costs, increased takeaway capacity, low royalty rates, multi-well pad drilling, and enhanced frac technology) have led to an increase in development activity in the Williston Basin. This increase in development has created an investment opportunity with significant economic potential.
San Juan Basin – Northwestern New Mexico
We entered the San Juan Basin in 2016 with our Colorado-based operating partner, DJR Energy, LP. The San Juan Basin is one of the world's most prolific gas basins. Since 2011, horizontal wells in the San Juan Basin Mancos play have produced over 34 million barrels of oil equivalent. With a footprint of over 350,000 net acres and an inventory of over 1,100 high-value drilling locations, DJR Energy holds the most prominent acreage position in the core of the oil window. DJR Energy has established a premier position in the San Juan Basin, building upon existing operations and adding reserves via the drill bit. Economic production is achieved at a low breakeven cost, and untapped potential in the Mancos oil system has provided rapid growth utilizing innovative drilling, completion, and production practices. DJR Energy is efficiently developing the area’s natural resources with the community and environmental stewardship in mind. Drilling and producing horizontal Mancos oil wells drive DJR’s daily operations. An experienced operational staff from offices in Denver, Colorado, and Aztec, New Mexico manages activity in the basin.
Permian Basin – West Texas & Southeastern New Mexico
In September 2025, Waveland expanded its non-op investment model by re-entering the Permian Basin of West Texas and Southeastern New Mexico. The Permian Basin offers significant minority equity investment opportunities with similar economic metrics and risk mitigation characteristics to the core of the Bakken Shale, but on a larger geologic scale. Adding Permian Basin non-op acquisitions to our investment platform markedly expands our WRP investing and growth opportunities. Waveland initially entered the Permian Basin in December 2012 with acquisitions in the Cline Shale and the heart of the Wolfcamp play in the core of the Midland Basin. The Wolfcamp play exited profitably in 2017.
Projects
Our Strategy
Established in August 2000, Waveland Energy Partners LLC is a private equity firm specializing in the upstream oil and gas sector. Our strategic investments target projects managed by prominent public and private exploration and production (E&P) companies in the United States. Presently, our investments are strategically positioned in the prolific Williston Basin in North Dakota and the San Juan Basin in New Mexico. Complementing our internal industry expertise, we collaborate with skilled technical consultants in engineering, geophysics, and land management.
Through our affiliate, Waveland Resources LLC, we facilitate private limited partnership offerings tailored for wealth advisors associated with independent broker-dealers and registered investment advisory firms nationwide. Waveland presents the financial advisor community and their accredited clients with a distinctive "growth and income" total return strategy. This strategy prioritizes pre-tax economic returns to investors while offering considerable tax benefits. The institutional private equity strategy aims to generate reasonable current tax-sheltered cash distributions while concurrently building asset value by reinvesting a portion of the project's operating income. We strive to sell the assets within three to five years, solidifying our commitment to strategic financial growth.